UTI Mutual Fund Distributor or Seller – Commission, Cost, Profits & more

Being a UTI Mutual Fund Distributor is like being a helper for people who want to park their hard-earned money in some safer alternatives.

But, as a distributor of the brand, you help others put their money into a wide variety of MF schemes offered by UTI.

Already, there are more than 200 people like you who do this. When people put their money into this fund, they get a small part of it as a reward.

On average, you earn about Rs. 46,269 monthly, and it takes about 2 to 3 months to start getting this money regularly.

Dreaming of becoming a UTI Mutual Fund Seller is great, but before that, let’s review everything this brand brings you.

Why become a UTI Mutual Fund Distributor?

So, why should you become a UTI Mutual Fund Advisor? Well, it’s like being a helpful guide for people who want to invest their money and make it grow. But you get some cool perks, too, for being useful!

• You can earn 1% to 2% of the money people invest (a reward for helping them out). On average, you can make about Rs. 46,269 each month.
• Guess what? It will take a little while to start making money. You’ll cover your costs in just 2 to 3 months. And when you’re ready to get paid, you won’t have to wait too long—just 30 days.
• UTI Mutual Fund has been around since 2003, so they know their job well. You’ll get training, webinars, and even experts to help answer questions.
• And the best part? You don’t need to find clients; UTI helps you with that.

Overall, the MF seller provides a great experience to every distributor in its network.

The UTI Distributor Commission structure is relatively easy to understand. You can picture it this way. Imagine that UTI has special helpers known as distributors who guide people to this treasure.

When someone uses their help and puts their coins in the chest, these helpers get a small chunk of those coins as a “thank you” for their assistance.

This commission usually ranges from 1% to 2% of all the capital a referred client invested, also called the AUM.

But here’s the exciting part: if these helpers do an extra-awesome job, they might get more than 2% of this commission!

People who’ve shared their experience with the commission have rated it 8.10 out of 10. And guess what?

The best part is that the folks who are investing don’t have to give any extra money; it comes from the money they already have in their wallet.

Become a UTI Mutual Fund Distributor if you want to be someone who helps others invest in MF schemes and earn at the same time. It’s like becoming a guide for money.

But how much does it cost to be this helpful guide on a platform like UTI? In the beginning, you might need to pay Rs.75,000.

Think of it as your entry ticket. And every month, you need around Rs.40,000 to Rs.55,000 for things like your office space and stuff.

So, remember, being a UTI Mutual Fund Guide is excellent, but it’s good to know these costs too!

However, if you are profitable enough, you can recover all these investments within a few months of starting.

UTI Mutual Fund Distributorship – Expected Profits & Income

The table below shows expected profits, AUMs & Income that you can make, if you become UTI MF Advisor.

Let’s break down the vital numbers like profits and income. So, firstly, UTI has two types of clients: those who invest a significant amount all at once (Lumpsum) and those who invest smaller amounts regularly (SIP).

When you add up all the amounts from these clients, combining both Lumpsum and SIP, the total AUM (Assets Under Management) is about Rs.62,84,600.

As a distributor, you get a 1%–2% cut from this AUM, which is supposed to be Rs.94,269. This is like your earnings.

In the same way, if Rs.48,000 is the cost, after subtracting the expenses from the payments, the net profit comes out to be around Rs.46,269.

In terms of profitability, their net profit margin stands at 49.08%.

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Let’s have a scoop on UTI Mutual Fund Agent Offers now! So, the commissions for some MF agents will be higher than 1% if they bring quality clients on board.

Usually, most MF sellers keep their offers lower than 1%, but that isn’t the case here. But sadly, there’s no zero investment.

Initially, you will put in some money. But the cool part is that you get free advice! And guess what?

The dealing happens in a “Direct Mutual Fund” format, which leads to a streamlined operation with no nosiness from multiple partners.

UTI Mutual Fund Distributorship SWOT Analysis

UTI Mutua Fund Distributor helps people invest their money in mutual funds. Let’s look at what they’re good at and what they need to improve:

Strengths:

• UTI has over 200+ people working actively in its network, helping others make informed investment decisions in mutual funds.
• As a beginner agent in the UTI MF seller’s network, a person starts making a profit in 2 to 3 months. This proves that more people would be interested in joining.
• And the best part is that they provide their distributors with training, advice, and support.
• On average, each UTI MF seller makes about Rs. 46,269 every month, demonstrating the profitability of the community that UTI builds.
• UTI MF has much experience in the mutual fund sector, having been in business since 2003.

Weaknesses:

• They don’t provide support or other help that can be assumed essential to an MF agent.
• Their office costs between Rs. 40,000 and Rs. 55,000 monthly.
• Besides, their advertising help could be improved.

Opportunities:

• The potential to attract and serve more clients as it is still a new name to most MF investors.
• Exploring new geographical areas could unlock a fresh customer base and business growth.
• It can strengthen its MF agent’s network by introducing more support areas.

 Threats:

• The company might be facing competition from other companies in this sector.
• Balancing expenses is crucial to maintaining profitability, which is only feasible for some MF sellers.
• Not having an ARN generation code might restrict some potential great MF sellers from joining the network.

UTI Mutual Fund has your back, especially if you’re a helper spreading the word about their excellent MF schemes.

However, UTI Distributor Support doesn’t count on ARN support. That means you will have to make this effort yourself. But the broker does help you learn about the services.

You can join their team; they’ll teach you about their products through webinars. If you need advice or have questions, their product training and advisory support are there to help.

They even have RM support to help you, and it’s free. If you need clarification with numbers and papers, they also have people to help.

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Let’s discuss what UTI MF distributors need in their offices apart from the initial investment. Firstly, they want a must-have space of around 250 to 300 square feet.

Similarly, they need at least two additional people working there. Each MF agent will have access to “Dealer Terminals,” but they’re optional, not a must-have.

But Mobiles or telephones are a must to facilitate interruption-free connectivity during working hours.

Laptops or computers are a must to do other important work. But having a CCTV camera is a choice. Also, things like a reception area or a manager’s cabin are optional.

Are you looking to get in on the UTI Mutual Fund action? Awesome! If you’re already a registered user, hop onto the UTI Mutual Fund Advisor Dashboard using your PAN card or username.

But if you are a newcomer, No worries! We’ve got you covered. To join the distributor network:

1. Please give us your PAN card details.
2. Follow the subsequent simple steps to meet the joining conditions.
3. Before giving complete access to the dashboard link, Ensure you meet the eligibility criteria entirely.

UTI Mutual Fund Agent Login

UTI Mutual Fund Advisors can access the right to do operational thinking soon after receiving their UTI Mutual Fund Advisor Login ID.

But they must pass on the ARN Generation process to get the unique ID for logging in. Getting this code is vital for people who sell mutual funds.

But here’s the thing: UTI doesn’t provide ARN support. Advisors need to do it themselves. ARN stands for Application Reference Number.

However, you can ask their support team about this number and how to get it.

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To become a UTI Mutual Fund Distributor, make sure you are meeting the eligibility criteria as given below:

1. Firstly, you need to be at least 24 years old. This means you must wait until you’re a bit older, like when you see grownups doing essential things.
2. Secondly, you must be an Indian citizen; otherwise, it could be a NO to your application.
3. Also, you need to be a graduate and hold an NISM Certificate.
4. Lastly, you must have an application reference number to be eligible for the UTI Mutual Fund agent position.

To be a UTI Mutual Fund Agent, you must be a bit older, be an Indian citizen, finish college, get a special certificate, and have ARN. Then you can help others with their money and investments!

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UTI MF Distributor: Conclusion

Based on all the details on the UTI MF distributor, we can conclude what being a part of the broker’s network would be like.

UTI MF has been operating since 2013 and has more than 200 sellers actively working in its network. As a new joiner, you can also make a 1%–2% commission like existing sellers.

Additionally, the support offered to each partner is also good. All these things might help you decide whether UTI MF Distributor is a good option for people who want to have some investment knowledge and can guide others.

FAQs on UTI Mutual Fund Distributor

Here is the list of FAQs related to the UTI Mutual Fund Distributorship.

How many distributors does UTI MF have?

The UTI MF has 200+ distributors around the country. The distributor works closely and reaches out to clients all over India.

Is UTI MF Agency Safe?

Theta re operating for the last two decades and have great customer safe. They are safe to invest your hard-earned money as hundreds of distributors already trust the brand and are working with them successfully.

What is the UTI Mutual Fund Distributor Commission?

Distributors collaborating with UTI receive an appealing payout ranging from 1% to 2% of the funds they assist customers in investing through the UTI mutual fund platform.

How much are UTI Distributorship Fees?

If you want to be a distributor of UTI MF, you need to pay 75,000 INR as a one-time payment, and fixed office expenses will also be applied monthly.

Does DSP provide ARN Generation Support?

Regrettably, self-effort is required. DSP aids its distributors in generating ARNs (unique registration numbers for MF certification) to enable lawful mutual fund sales.

Is UTI a Stock Broker?

No, UTI is not a stockbroker.

Is UTI an AMC?

Yes, UTI is an AMC. It manages mutual funds and investment schemes for investors. UTI Mutual Fund is one of the prominent mutual fund houses in India.

Who is the founder of UTI MF?

The founder of UTI is Imtaiyazur Rahman, and he started the UTI MF in 2003.

Is UTI registered with SEBI?

Yes, UTI is registered with SEBI. SEBI is the supreme authority in India, handling all the investments.

Does the UTI Distributor provide Direct MF Investment?

UTI distributor allows investors to put their money directly in mutual funds.